Churchill Capital Corp XI Units (NASDAQ:CCXIU – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,650 shares, a drop of 37.5% from the August 31st total of 2,642 shares. Based on an average trading volume of 3,936 shares, the days-to-cover ratio is currently 0.4 days.
Churchill Capital Corp XI Units Trading Up 0.4%
Shares of CCXIU stock opened at $12.30 on Thursday. The business’s fifty day moving average is $14.85 and its 200-day moving average is $12.78. Churchill Capital Corp XI Units has a 1 year low of $10.15 and a 1 year high of $21.88.
Institutional Investors Weigh In On Churchill Capital Corp XI Units
A number of institutional investors and hedge funds have recently modified their holdings of CCXIU. FirstWave Capital Management LLC purchased a new position in Churchill Capital Corp XI Units in the 2nd quarter worth about $1,113,000. SkyView Investment Advisors LLC acquired a new stake in shares of Churchill Capital Corp XI Units during the second quarter valued at approximately $1,309,000. Finally, BlueCrest Capital Management Ltd lifted its position in shares of Churchill Capital Corp XI Units by 383.3% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 2,416,396 shares of the company’s stock valued at $41,664,000 after acquiring an additional 1,916,396 shares in the last quarter.
About Churchill Capital Corp XI Units
Churchill Capital Corp XI is a special purpose acquisition company, or SPAC, formed to identify and complete a business combination with an operating company. The company does not have significant operating activities of its own and was established to pursue a merger, acquisition, share exchange, or similar transaction.
Its publicly traded units, listed under the ticker CCXIU on the Nasdaq Stock Market, represent securities issued in connection with the company’s initial public offering.
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